43:17-15. Bond of treasurer, officers; custodian

132 words·~1 min read·/nj/title-43/chapter-17/43-17-15

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The treasurer and officers of every firemen's relief association, organized or working under this article, shall in each year, upon assuming their office, be covered by a bond for the faithful discharge of their duties, with a surety company authorized to do business in this State as surety thereon, in a sum at least equal to the amount of money and convertible securities that may be in or coming into their hands, control or custody as such officers. The bond shall be procured, maintained and paid by the New Jersey State Fireman's Association.

The Treasurer of the New Jersey State Fireman's Association shall be the custodian of the official bond or bonds provided for in this section, and shall forward copies to the Commissioner of Banking and Insurance.

Amended 1996, c.151, s.13.